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Class 12 Accountancy Reconstitution - Admission of a Partner New Profit Sharing RatioHard

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A and B share profits in (9:7). C is admitted. A gives (1/6) of his old share and B gives (1/14) of his old share to C. What is the new ratio?

Answer and explanation

Correct answer: A B C (63:65:16)

A sacrifices (9/16\times1/6=3/32) and B sacrifices (7/16\times1/14=1/32). New shares are (63/144) (65/144) and (16/144).

Related tags

Admission New-Ratio Hard New Profit Sharing Ratio Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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